The CryptoNote/Bytecoin Scam - Reading Assignment

Privacy Coins - Ultimate Course
#141

You only answered the first one. :confused:

#142

  1. bytecoin whitepaper was released in april 2012.

  2. According to that, the v1 whitepaper PDF was created on 10/04/2014, and the v2 whitepaper was created on 13/03/2014.

  3. core developeres were respected in the community

  4. about 1.2btc.

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#143
  1. April 2012.
  2. January 2014.
  3. It appears that most bytecoin forks were created by same developer(s).
  4. 1.2 BTC
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#144

Not sure about that, but the team in Bitmonero was well known and trusted. :slight_smile:

#145

Ah yeah excluding Bitmonero of course. I meant the others :slight_smile:

#146

1.) Bytecoin was released in April, 2012

2.)cryptonote v2.0 was actually realeased Sept. 2013.

3.)Bitmonero/ monero were successful because the community decided to fork them essentially voting out the guy who was making scammy coins.

4.)The post author received BTC in 2014 in the amount of 1.2

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#147
  1. “in April, 2012 they released Bytecoin”
  2. CryptoNote v2.0 was released in October 17th, 2013
  3. Because of the well known dev team
  4. around 1.2 BTC
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#148

  1. Bytecoin was released in April of 2012

  2. The actual release of the CryptoNote v2.0 is in fact March 2014.

3.Monero/Bitmonero were successful forks because the developers were known and respected the crypto community. They were not trying to scam people or project their ego/hubris.

  1. The author in total received 1.2 BTC in 2014.
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#149

  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
    15/12/2012 and 17/10/2013

  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
    13/03/2014

  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    It was fair

  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    1.23348604

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#150

. The official release is not the same as the real release as demonstrated in the investigation. The office release was made on April 2012.

. After investigating the smoking gun trail(incoherences in release informations and signatures and such) is was found that the real release was made two years later, on April 2014.

. In a word : community. The community prefered to fork the initial technology and go with a more transparent projet, Monero.

. 1.2 BTC

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#151
  1. It was released in April, 2012
  2. It was released in March, 2014
  3. Because “core devs” were well-know people in the cryptocurrency community.
  4. 1.23348604 BTC
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#152

  1. April 2012

  2. March 2014

  3. Because it was a well known and respected team

  4. 1.2BTC

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#153
  1. Bytecoin was released April 2012
  2. CryptoNote v2.0 was released March 2014
  3. The dev team was made up of relatively well known people and others that constantly kept each other in check
  4. 1.2BTC
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#154
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
  • Bytecoin was released April 2012.
  1. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
  • CryptoNote v2.0 was actually released March 2014
  1. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
  • Monero was successful because the core developers are well known in the cryptocurrency community. Plus there are 6 or 7 of them so they can check each other.
  1. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014?
  • In 2014, the author received 1.2 BTC.
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#155
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released? — April 2012
  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released? — 2014
  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t? — accountability because devs were known people
  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer) — 1.2 BTC
1 Like
#156
  1. Based on Section 2, ‘The Alleged CryptoNote/Bytecoin Story’, when was Bytecoin released?
    • April 2012
  2. Based on Section 4, ‘Indisputable Facts’, when was CryptoNote v2.0 actually released?
    • March 2014
  3. Based on Section 7, “Layer after Layer’, why was Bitmonero/Monero successful when other Bytecoin forks weren’t?
    • Monero developers were known people in the cryptographic community
    • besides developers there where also many other people contributing to the Monero project
    • The majority of the community didn’t fall for fake claims of the Bytecoin creators
  4. The post author leaves their Bitcoin address for donations. How much BTC did they receive in 2014? (hint: use a blockchain explorer)
    • the sum of 1.2 BTC was transferred to the address in 2014
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#157

  1. April, 2012

  2. March 4th, 2014

  3. Because the core development team are competent and trustworthy people

  4. 2014: 1.2 BTC

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#158
  1. April 2012
  2. 12 March 2014
  3. Bitmonero’s core developers are highly respected members of the crypto-community with exceptional reputations as programmers. Since there are several of them to constantly check and proof-read each other’s code, some measure of quality is assured/
  4. 1.2335 BTC
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#159

TL:DR
Why didn*t you take time to talk about all this in the course? You just spam us with articles. :confused:

#160

TBH I don’t like it either and Grant is not in the team anymore so it is what it is :confused:

1 Like